What is the function of Competition Commission of Pakistan?
The Competition Commission of Pakistan (CCP) is an independent quasi-regulatory, quasi-judicial body that helps ensure healthy competition between companies for the benefit of the economy.
What are the function and objectives of Competition Commission of Pakistan?
ยง28 of the Act states that the functions and powers of the Commission are to: (a) initiate proceedings and make orders; (b) conduct studies for promoting competition; (c) conduct enquiries; (d) give advice to any undertaking which has asked for it in relation to the consistency of its proposed actions in relation to …
What is the role of Competition Commission?
JURISDICTION OF THE COMPETITION COMMISSION The Commission has the mandate to investigate all competition concerns as envisaged by the Act. These include restrictive practices, abuse of dominance, exemptions from the application of the Act and mergers and acquisitions.
Who is currently heading Competition Commission of Pakistan?
Ms. Hassan has assumed charge as Chairperson of the Commission on July 14, 2020. Ms. Hassan has over 25 years of experience with over 8 years in public service. She has earlier served as one of the founding members (2007-2010) and also as Chairperson of the Commission (2010-2013).
What does competition law do?
A core objective of competition law is to prohibit firms for engaging in conduct which will distort the competitive process and harm competition by, for example, preventing firms from indulging in anti-competitive agreements, preventing firms with a powerful position on a market from abusing their market power, or …
What is the idea behind the law of competition?
Competition law is centered around prohibiting agreements or practices that restrict free trade and competition between businesses. The government will oversee all large agreements between companies to see if it will have a significant impact on the economy or create such a monopoly that the agreement could slow trade.
What is meant by Competition Commission?
a body charged with controlling cartels, monopolies and mergers and hearing appeals against the Director General of Fair Trading in such matters.
Who is the chairman of CCI?
Ashok Kumar Gupta
Competition Commission of India/Chairpersons
The Corporate Affairs Ministry (MCA) has assigned the charge of the post of Chairperson of National Financial Reporting Authority (NFRA) to Ashok Kumar Gupta, Chairman, Competition Commission of India for a period of three months from October 1.
What is commission test in Pakistan?
CSS Exam Pakistan. Introduction: CSS Exam stands for Central Superior Service Exam. CSS Exam is conducted by Federal Public Service Commission (FPSC) Islamabad for the recruitment of candidates to posts (BS-17) in the following services under the Federal Government.
What is Zambia’s competition law?
The law on competition in Zambia seeks to protect consumers by encouraging competition and fair-trading by prohibiting/regulating monopolies and concentrations of economic power. In addition, the law seeks to strengthen the efficiency of production, and of the distribution of goods and services.
What is the purpose of a competition?
When firms compete with each other, consumers get the best possible prices, quantity, and quality of goods and services. Antitrust laws encourage companies to compete so that both consumers and businesses benefit. One important benefit of competition is a boost to innovation.
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